Does CPP and EI reduce taxable income? - TimesMojo
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Starting CPP? Here’s what you need to know. The amount of tax withheld from your CPP payments can make a big difference, especially if you have other income sources like dividends, investment returns, or pension income. Our recommendation is to consider your full income picture first. Relying mostly on guaranteed pensions? Higher tax withholding might save you at tax time. Getting paid through a corp or investments? You may want less withheld and adjust through your overall tax plan. | Eli the M
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